Keppel DC REIT

Keppel DC REIT: public offer closes today, 12pm KDCR is the first pure-play data centre REIT listed in Asia. Its offer px of $0.93 gives a projected FY15e yield of 6.8% , that grows to 7.1% in FY16e. The demand for datacentres stems from the rapid growth of the cloud industry. Meanwhile, Google predicts the best days are still ahead for cloud computing. The tech giant notes that the pace at which customers are moving their data to the cloud is picking up, and the price of such services will drop at a slower pace in 2015 compared to this year. “The adoption curve is extremely accelerating and we’re seeing it coming from a variety of companies,” Google says. Cloud is “bigger than any market out there if you think about the potential for adoption -- even bigger than the advertising market.” Companies from banks to electronics manufacturer Royal Philips NV are shifting to cloud services, which let users access data and computing power via the Internet.